Pakistan’s base oils supply stayed lower in September as a drop in domestic output countered a rise in imports.Base oils output of close to 8,000t in September fell from more than 9,000t in August to a three-year low.Base oils imports of more than 18,000t in September rose from less than 16,000t the previous month and by 12pc from year-earlier levels.Imports got a boost from a jump in supplies from South Korea.Total supply, or output and net imports combined, came to around 26,400t in September.The volume was similar to the previous three months. It fell by 7pc and for the third time in four months from year-earlier levels.Total supply of 256,700t in the first nine months of the year was down 23pc from 332,000t during the same period last year.Supply extended its fall in the third quarter of the year even as Pakistan’s domestic demand began to revive..Pakistan’s Sept lube demand rises
Pakistan’s base oils supply stayed lower in September as a drop in domestic output countered a rise in imports.Base oils output of close to 8,000t in September fell from more than 9,000t in August to a three-year low.Base oils imports of more than 18,000t in September rose from less than 16,000t the previous month and by 12pc from year-earlier levels.Imports got a boost from a jump in supplies from South Korea.Total supply, or output and net imports combined, came to around 26,400t in September.The volume was similar to the previous three months. It fell by 7pc and for the third time in four months from year-earlier levels.Total supply of 256,700t in the first nine months of the year was down 23pc from 332,000t during the same period last year.Supply extended its fall in the third quarter of the year even as Pakistan’s domestic demand began to revive..Pakistan’s Sept lube demand rises